New York and Illinois court rulings on 'Amazon taxes' may head to the U.S. Supreme Court to settle questions about the taxing online retail sales.» Read More
NEW YORK, Nov 25- In May 2012, Chen Guangcheng, the Chinese dissident, was getting ready to journey to New York after his improbable escape from house arrest. About a week before his arrival, an Evangelical Christian pastor from Texas and a New York University law professor took a walk in Central Park.
MUMBAI, Nov 25- Lupin Ltd, India's No. 4 drug maker by revenue, may come from the land of cheap generics but it is betting on high-margin branded drugs in the United States to drive growth.
Wider efforts to rebuild America's deeply depressed cities can't succeed until public safety is restored.
NEW YORK, Nov 22- The stereotype of American millennials is not pretty: Hanging out in basements, sponging off mom and dad, not making much money to speak of, and not really sure of what to do with it, when they do get it. The 28- year-old career coach from Philadelphia takes his retirement saving as seriously as a heart attack.
*Major powers resume talks on Iran nuclear programme. NEW YORK, Nov 21- Brent crude oil jumped $2 to end at its highest in more than a month on Thursday, fuelled by a sharp run-up in gasoline and gas oil prices on news of dwindling stocks and refinery glitches in the United States and Europe.
*Major powers resume talks on Iran nuclear programme. NEW YORK, Nov 21- Crude oil futures rose by more than $1 per barrel on Thursday, boosted by positive U.S. economic data and surging gasoline prices as demand was expected to rise. Rising demand met with refinery outages in Europe and the United States, tightening supplies.
The Philadelphia Fed said that factory activity in the Mid-Atlantic region hit a six-month low in November, while remaining positive.
NEW YORK, Nov 21- Factory activity in the U.S. mid-Atlantic region slowed in November, dropping to its lowest since May, a survey showed on Thursday. The Philadelphia Federal Reserve Bank said its business activity index dropped to 6.5 in the latest month, from 19.8 in October.
Even struggling metros are having success in attracting investment. In the process, they are creating a virtuous cycle of creativity.
*Core retail sales rise 0.5 percent in October. WASHINGTON, Nov 20- A gauge of U.S. consumer spending rose more than expected in October as households bought a range of goods, suggesting upside momentum in the economy early in the fourth quarter.
NEW YORK, Nov 20- U.S. The Commerce Department said retail sales rose 0.5 percent last month and that so-called core sales rose 0.5 percent.
WASHINGTON, Nov 20- A gauge of U.S. consumer spending rose more than expected in October as households bought a range of goods, suggesting upside momentum in the economy early in the fourth quarter.
These sunshine cities have focused their efforts on developing new industry niches to strengthen their local economies and promote future growth.
*J.C. Penney shares jump after results. Fed Chairman Ben Bernanke, in a speech late Tuesday that echoed dovish comments by his nominated successor, Janet Yellen, said the U.S. central bank will maintain its ultra-easy monetary policy for as long as needed. The U.S. Labor Department releases its Consumer Price Index for October at 8:30 a.m. EST.
The ebbing economic tide from the Great Recession revealed some of the worst swindles in municipal finance in decades.
Detroit's bankruptcy, and rumblings about tax overhaul, have fueled a big sell off in the municipal bond market. What's next?
NEW YORK, Nov 18- U.S. oil prices tumbled on Monday on expectations the Federal Reserve might taper its bond buying program and corn hit a 3- year low after a proposal to lower the use of corn-based ethanol in the United States. Corn weighed the most on the CRB, falling more than 2 percent.
NEW YORK, Nov 18- Top Federal Reserve officials from opposite sides of the policy spectrum pointed to improvement in the U.S. economy on Monday, adding more weight to the notion that the central bank is getting close to reducing the pace of its monthly asset purchases.
NEW YORK, Nov 18- Five years of rapid-fire money printing at the U.S. The froth can be seen in everything from Pakistan's stock market to thoroughbred racehorses, rare paintings and gemstones, taxi licenses and the digital currency Bitcoin.
NEW YORK, Nov 18- U.S. oil futures fell more than $1 per barrel on Monday on the view that supplies were ample, along with worries that demand could weaken after a U.S.